It's also based on a tax system that doesn't handle gambling income in a very logical way.Technically, you are supposed to report all of your gambling wins/losses on your taxes.

I run into sellers all the time who think it means something, which works in my favor if it is low, and I need to educate them if it is high.If you want a truly accurate value get comps from a friendly agent. :)

I have always found john t reed's guru ratings to be both amusing and accurate.

Please do, I would like to know which service gives most accurate up to date information.

When handled poorly (thoughtlessly), it's gambling.

Either way...Then, if that $50K was used to purchase equity in something, that equity would show up as an asset; if that $50K was used to pay down a loan balance, the reduced loan balance would show up as a smaller liability.This way, your net worth value will be accurate...

It is:Gross rents x 50% = Cash Flow before debt service (the 50% includes taxes, insurance, property management, utilities paid for by owner, maintenance, vacancies, etc).Once you have that number, subtract your debt service payment (principal and interest), and you will have the cash flow.Without the actual rents or your loan details, it's hard to provide an accurate example.

From what I'm hearing you say, all a turnkey provider does is:- Buy the property- Rehab it- Get a tenant and a lease in place- Provide property management- Sell the property to an investor who then receives the rental income and pays the expenses.Is this accurate?

bring your paystubs and all that so you have accurate numbers and most importantly figure your bottom-line income they'll take with your bonus' then you can set your sights on a property.I've transitioned to hard-money 4 years ago but I'm still quite in-tune with the mortgage market with plans on re-entering.

That should turn some heads at the least if your property value is accurate.